Find out the trading strategies for key stocks across a host of sectors with Karun Mutha, senior vice-president and chief market strategist, HSBC InvestDirect Securities.
Smartinvestor : How are things looking in the futures and options (F&O) part of the market on the index?
Karun Mutha : Index, post consolidating in the tight range of 5800 - 5950 during the entire month of December 2012, gave a breakout in January 2013 series. Call option writers who had concentrated positions around the strike of 6000 CE in December have now moved to the higher strike of 6200 CE in January series.
On other hand, put writers have got active at 5900 strike of Nifty in January series. Thus, it is evident that the participants expected market range to move upwards to 5900-6200 for January, indicating a positive direction.
Smartinvestor : Do you have strategy on media and banking space?
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